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Top quality municipal bonds finished decidedly stronger on Tuesday, traders said, as yields on long-dated maturities fell to record low levels. In the primary several big deals were priced led by a New York State issuer.
June 14
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The Securities and Exchange Commission is "very focused" on examining whether there were any securities law violations involving Puerto Rico bonds as the commonwealth's fiscal situation deteriorated over the last few years, SEC chair Mary Jo White told the Senate Banking Committee on Tuesday.
June 14
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A bipartisan coalition of New Jersey lawmakers are pushing a $20 billion 10-year Transportation Trust Fund plan that faces skepticism from Gov. Chris Christie.
June 14
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Minnesota State Colleges and Universities took a one-notch downgrade from Moodys Investors Service to Aa3 over the weakened state of its revenue fund, which backs $333 million of debt.
June 14
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Good Shepherd Medical Center took a three-notch downgrade to B-minus on Standard & Poors Global Ratings scale as the East Texas hospital struggled to maintain its Medicare reimbursements.
June 14
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A bipartisan bill introduced in the House would allow state and local governments to issue up to $5 billion in private activity bonds to finance the construction and upkeep of certain publically owned buildings.
June 14 - Alaska
Alaska lost its last triple-A rating Tuesday, when Fitch Ratings downgraded the state to AA-plus.
June 14 - Illinois
As Illinois brings a $550 million bond deal to market, its prolonged political gridlock is fueling debate over the markets role as a disciplinarian.
June 14
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Virginias Commonwealth Transportation Board used objective criteria to develop a six-year, $14.4 billion transportation plan.
June 14
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State student loan authorities sense a business opportunity helping graduates who are gainfully employed lower their payments. Their low-cost funding could put them in competition with banks and marketplace lenders.
June 14 -
Top quality municipal bonds were decidedly stronger at mid-session on Tuesday, traders said, as yields weakened to near record low levels.
June 14 -
The Treasury Department Tuesday auctioned $40 billion of four-week bills at a 0.240% high yield, a price of 99.981333.
June 14 -
Former Bridgeport, Conn. Mayor Bill Finch has been tapped to lead the New York State Thruway Authority.
June 14
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Scranton, Pa., which received its first bond rating in five years junk-level BB from S&P intends to sell $40 million to fund a back-pay settlement with police and fire unions.
June 14
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Top quality municipal bonds were stronger in early activity on Tuesday, traders said, as yields weakened to near record low levels.
June 14 -
David Brownstein, managing director of the municipal securities division and head of public finance at Citi, sits down with Bond Buyer markets reporter Aaron Weitzman to talk about some of the challenges someone in his position has to deal with, how Citi had made helping distressed credits solve their problems a priority, the current landscape of the municipal market, and bringing -- and retaining -- more young people into the industry.
June 14 -
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Jun. 14, 2016 Southwest: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Arizona Aa3/AA+/NR 0.63 1.13 1.74 2.46 Arkansas Aa1/AA/NR 0.59 1.05 1.61 2.31 Colorado Aa1/AA/NR 0.6 1.11 1.7 2.42 Kansas Aa2/AA/NR 0.6 1.1 1.7 2.4 New Mexico Aaa/AA+/NR 0.6 1.05 1.62 2.34 Oklahoma Aa2/AA+/AA+ 0.6 1.11 1.72 2.44 Texas Aaa/AAA/AAA 0.61 1.09 1.68 2.31 Utah Aaa/AAA/AAA 0.58 0.99 1.51 2.21
June 14 -
